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Dublin rental prices up by over 7% in second quarter

Daft.ie shows that average rent is now €825, compared to €792 the same time last year

Rental prices in Dublin rose by 7.5% in the three months from April to June, the latest Daft.ie rental report shows today.

Prices outside of Dublin rose by 1% over the same three-month period and Daft.ie says that the average rent is now €825, compared to €792 the same time last year.

Daft.ie said the increase in Dublin rents is due to a 43% fall in the number of available properties to rent, with 2,395 properties available at the start of this month compared to 4,212 at the start of August 2012.